Cleaner Tech

JPMorgan Pledges $200 Million to Suck Carbon From the Sky

The commitment includes a deal with Swiss startup Climeworks that’s among the biggest corporate carbon removal purchases on record.

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., at the US Capitol on Wednesday, May 17, 2023.
Photographer: Sarah Silbiger/Bloomberg

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By Michelle Ma

May 23, 2023 at 12:00 PM UTC

Corrected

May 24, 2023 at 5:45 PM UTC

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JPMorgan Chase & Co. has made a $200 million commitment to pull carbon from the air. That includes a $20 million purchase from Swiss startup Climeworks for removal services, one of the largest corporate deals for removal services, JPMorgan announced on Tuesday.